Jane Street Group LLC Buys 32,182 Shares of Life360, Inc. (NASDAQ:LIF)

Jane Street Group LLC increased its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 35.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,507 shares of the company's stock after purchasing an additional 32,182 shares during the period. Jane Street Group LLC owned approximately 0.17% of Life360 worth $4,860,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in Life360 in the second quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new stake in Life360 in the third quarter valued at about $98,000. MetLife Investment Management LLC acquired a new stake in Life360 in the third quarter valued at about $139,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Life360 in the second quarter valued at about $192,000. Finally, XY Capital Ltd acquired a new stake in Life360 in the second quarter valued at about $205,000. Institutional investors own 20.00% of the company's stock.

Wall Street Analyst Weigh In

LIF has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. UBS Group lifted their price target on Life360 from $35.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. JMP Securities lifted their price target on Life360 from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Thursday, November 14th. Finally, Loop Capital lifted their price target on Life360 from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $47.00.

Insiders Place Their Bets

In other news, CEO Chris Hulls sold 556,569 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares in the company, valued at $39,079,589.92. The trade was a 36.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark Goines sold 50,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.70, for a total value of $2,035,000.00. Following the sale, the director now owns 76,272 shares of the company's stock, valued at approximately $3,104,270.40. This represents a 39.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 629,673 shares of company stock worth $25,855,843.

Life360 Price Performance

Shares of Life360 stock traded down $0.05 during midday trading on Tuesday, reaching $43.44. The company had a trading volume of 459,595 shares, compared to its average volume of 316,749. The stock's fifty day moving average is $44.97. Life360, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $52.76.

Life360 Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.